Congress greenlights a $40 billion bailout for the child-care industry

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Congress greenlights a $40 billion bailout for the child-care industry
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Congress greenlights a $40 billion bailout for the child-care industry (via CNBCMakeIt)

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, American families and child-care providers can look forward to a roughly $40 billion infusion for an industry rocked with closures and dramatically increased operating costs amid the pandemic.

Combined with December's relief package that provided $10 billion in funding, the industry now has more than thethrough a child-care stabilization fund for providers. Providers can use these grants to help their businesses in a number of ways, including making payroll, purchasing sanitization supplies and covering fixed costs like rent.

"Covid-19 has reshaped our lives and the lives of our children for just shy of one year.

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